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Duke Energy Beats Q3 Estimates, Narrows 2025 EPS Guidance and Signals Bigger Capex Plan

New rates plus stronger retail demand lifted results.

Overview

  • Duke reported adjusted EPS of $1.81 for Q3 2025, topping the $1.75 consensus and rising from $1.62 a year earlier.
  • Revenue came in at $8.54 billion, slightly above expectations of about $8.50 billion.
  • Electric Utilities and Infrastructure adjusted income increased to $1.66 billion from $1.46 billion, helped by new rates and higher retail sales, while Gas Utilities posted a $26 million adjusted loss.
  • Full-year 2025 adjusted EPS guidance was tightened to $6.25–$6.35 from $6.17–$6.42, and management reaffirmed a 5%–7% long-term EPS growth rate through 2029.
  • Leaders said the refreshed five-year capital plan in February is expected to total $95–$105 billion, and shares were last up about 1.2% near $123.43.